Latest News – Page 1979
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Online onlyBoleat hails claims regulation a success
Still work to be done to stamp out cold calling
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Online onlyLloyd’s must accelerate process reform, says Ward
Chief executive sets out plans to drive forward business process reform
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PWC welcomes Solvency II
Annette Olesen, director, PWC, says Solvency II will promote sound risk management and robust internal controls
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Munich Re welcomes proposal for Solvency II
CFO Jörg Schneider said the new rules planned will be a huge step forward for insurers
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Insurers meet with Government ministers
ABI director general says insurers are doing "all that they can" to deal with flood claims
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Beating the competition law
The UK insurance industry is fighting to keep its block exemption of EC competition law that allows co-operation between insurers in the EC. Alex Haffner reports
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FeaturesProfitable timing
Andrew Holt says Markel has an impressive investment track record. Its chief architect, Steve Markel explains how it works
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Comments/LettersA private off-road vehicle
Andrew Cave says the tie-up between the AA and Saga is just a cross-selling exercise
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News
Insurers count the cost of flooding
This week the ABI upped the estimated total cost of claims relating to the recent flooding
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News
Insurecom income soars 41% to £3.7m
First profit in six years attributed to asset sale to parent company
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British Insurance poised to clinch sale
Niche PPI broker British Insurance is looking to wrap-up its sale by the end of August with five potential buyers in the frame
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News
Financial news…
Quinn settles disputeQuinn-direct settled the disputed claim with Murray Timber Products for £12m, Insurance Times has learned. The legal action centred on a claim for €54m (£36.4m) brought by the timber company, a Quinn policyholder, after a fire in its Galway plant in 2005.THB profits rise 31%THB Group reported a ...
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News
Web news…
Car premium dropInsurancewide.com released figures from its car insurance comparison tool, which showed a 4.6% drop in average car insurance premiums in the second quarter. The figures conflict with the AA’s latest premium index which showed a 2.5% increase. First published on 4 JulyCardiff broker buy-outBroker Network member NG Insurance ...
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News
Bermudan Sagicor set for GI growth
Bermuda life insurer Sagicor is set to make an aggressive assault on the UK general insurance market after snapping up the Gerling at Lloyd’s Group, last week
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Zurich in deep water
Severe flooding may have wreaked havoc across the Midlands and northern England, but there’s nothing like a good bit of irony to lessen the tension.While thousands begin the clear up and insurers meet ministers over the £1.5bn cost of claims, Guy Munnoch, from ‘because change happenz’ Zurich, has astutely pointed ...
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Sants in running for Tiner’s role
With John Tiner due to step down as FSA boss within weeks, the market is wondering who will replace him as regulator-in-chief.The FSA has been typically tight-lipped about his replacement, but sources point to Hector Sants, head of the FSA’s wholesale arm as being the leading candidate.With his background in ...
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Claims firm makes the wrong call
Some claims management companies are taking longer than others to get to grips with the new regulatory regime. Mark Boleat, the government’s claims regulator, told delegates at the Insurance Times Future of Personal Injury Conference last week, how one claims management company ran into a spot of very hot water ...
